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Allegion (Allegion) EBIT : $715 Mil (TTM As of Mar. 2024)


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What is Allegion EBIT?

Allegion's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $176 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $715 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Allegion's annualized ROC % for the quarter that ended in Mar. 2024 was 16.25%. Allegion's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 110.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Allegion's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 6.03%.


Allegion EBIT Historical Data

The historical data trend for Allegion's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Allegion EBIT Chart

Allegion Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 531.20 416.50 574.20 590.40 710.30

Allegion Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 171.30 186.20 193.00 159.80 175.80

Competitive Comparison of Allegion's EBIT

For the Security & Protection Services subindustry, Allegion's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Allegion's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Allegion's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Allegion's EV-to-EBIT falls into.



Allegion EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $715 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Allegion  (NYSE:ALLE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Allegion's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=688.4 * ( 1 - 19.03% )/( (3498 + 3361.8)/ 2 )
=557.39748/3429.9
=16.25 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Allegion's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=703.2/( ( (358.1 + max(216.8, 0)) + (362 + max(334.3, 0)) )/ 2 )
=703.2/( ( 574.9 + 696.3 )/ 2 )
=703.2/635.6
=110.64 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(412.8 + 438.5 + 32.6) - (532.3 + 0 + 134.8)
=216.8

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(448 + 448.3 + 50.2) - (612.2 + 0 + 0)
=334.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Allegion's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=714.8/11845.941
=6.03 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Allegion EBIT Related Terms

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Allegion (Allegion) Business Description

Traded in Other Exchanges
Address
Harcourt Road, Iveagh Court, Block D, Dublin 2, IRL, D02 VH94
Allegion is a global security products company with a portfolio of leading brands such as Schlage, Von Duprin, and LCN. The Ireland-domiciled company was created via a spinoff transaction from Ingersoll-Rand in December 2013. In fiscal 2022, Allegion generated 73% of sales in the United States. The company mainly competes with Sweden-based Assa Abloy and Switzerland-based Dormakaba.
Executives
Robert C. Martens officer: SVP Chief Innovation & Design C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Sue Main director TELEDYNE TECHNOLOGIES INCORPORATED, 1049 CAMINO DOS RIOS, THOUSAND OAKS CA 91360
Jennifer L Preczewski officer: VP ? Chief HR Officer C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
John H Stone director, officer: President and CEO C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Jeffrey N Braun officer: SVP & General Counsel C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Ellen Rubin director 11 CLEMENTS ROAD, NEWTON MA 02458
Timothy P Eckersley officer: Sr. VP-Allegion International C/O SCHLAGE LOCK COMPANY, LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Tracy L Kemp officer: Sr. Vice President C/O SCHLAGE LOCK COMPANY LLC, 11819 N PENNSYLVANIA ST, CARMEL IN 46032
Michael J. Wagnes officer: Sr. VP & CFO C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
David S. Ilardi officer: SVP - Allegion Americas C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Nickolas A. Musial officer: VP, Controller & CAO C/O SCHLAGE LOCK COMPANY LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
David D Petratis officer: President & CEO 1415 ROSELLE ROAD, PALATINE IL 60067
Douglas P Ranck officer: V. President/Controller C/O SCHLAGE LOCK COMPANY, LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Patrick S Shannon director, officer: Sr. V. President & CFO C/O SCHLAGE LOCK COMPANY, LLC, 11819 N. PENNSYLVANIA STREET, CARMEL IN 46032
Lauren B Peters director FOOT LOCKER INC, 112 WEST 34TH STREET 4TH FL, NEW YORK NY 10120

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